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<br /> • '• �,uh�tuntiully equividGnt niortQu�e insurcune caverr�Be lti not uvailuhle.B�rrower shall puy tu l.ender eucli month u sum equi�l to �
<br /> unc-twt�fth«P thc yecirly�nortBcillc Insurnncc ptemimn bcin�;�iid by Borrc►wcr wizcn tlic in�urunce rovcruge lupsed��r ccu+cJ ta .�_
<br /> " �c in cffcct.1-ender wit!ncccpt,uh�urtd reuiin these paymc»tR ac u loss reserve in licu ��f nu�rtguAe insurunce. L.�ns rc4erve
<br /> puymentti�mny no lur��;er ba required,nt the c+psic►si oi l:ender,if murt}�ugc Insurunce coveruge(in the umuunt and for the pericui t�
<br /> �;
<br /> thpt I.cndcr rcyuircy)pr�vidcQ by un insurcr npprovcd hy Lcndcr u£uin bcc��mcti uvi�iluble i�nd is obtnincd.Borr�wcr sha puy ��,
<br /> thc premfumw requircd t���nnhunin m��rt�►aBc Insu�uncc in et'fcct, ��r to providc u I��sx rescrvc,until thc rcyuircment fi�r mort�uQc �
<br /> in�t�mce en�s in uccordiuire�vith uny tivritten uarcement bet�vesn Barrower and Lender��r upplicuble luw. ��;�.
<br /> t 9.ittxprctlan. l.endcr or its��gent muy mukc reusonubk entricti upan und inspcctions uf tfio Pruperty. [.ender shull givc �
<br /> qarn�wcr nodc�ut ihc dmc of or prior to im in++pertion sperifyinII rcusonublc cuu++c fc+r thc lnspectian. �
<br /> - !0. Cu��deu�uutlun. The procecds uf,my nwnrd or ciuim for dnmuges, direct �►r eonseyuentinf, in connectian �vtth nny � j�,
<br /> • � condemnutioi�ar olher taking of any pun of the Propeny. or for comcyunce in Ucu of candemnution, urv l�arrby us+i�nuf auJ � _�
<br /> � ` tihal!bc putd tn I.endcr. `
<br /> ._ ; In the event of u tutul taking of the Praperty.the procecds�hnU be upplied to the sums secuted by thls Security Instrument. �F-
<br /> �"•=•-�i� whether nr nat then due, with nny cxcess paid to Bormwer.In the cvent of u partiul tukinB af the Property in whtch the fuir � ��,
<br /> � �=��°' etorc the tnking is equal ta ar grcuter than the amaunt of the sums secured by ti�is � ?��
<br /> . :,� � market vnluc af the Aropcny immcdiutcly b ' �;�_�-
<br /> Security Instrument immediutcly beforc the taking,unless�orrower and Lender othcr�vise agree:ln writinB,tha sums secured by ���_
<br /> ' � thi�► Secur�ry Instrument shnll be reduced by the umuunt of the procecds multiplied by the following f�nction: (A) the total � __-.
<br /> ` R. iunount of the sums sccured immediately beforc d�e taking,divided by (b)the fair murket valao of thc Property immediatcly =_
<br /> ', before ehc taking. Any balance shull be paid to Borrawer. In thc event of u punial taking of the Proparty in which the fuir _
<br /> ' i mnrket value of thc Property immediutely beforc the taking is loss thun thc nmount of thc sums secured immcdiutely beforc the
<br /> ` �° t�1:Mg,unless Borrower nnd [.ender othcrwisc ugrcc in writing or unless applicable law otherwisc provides, thc proceeds shall
<br /> h: , be applied to thc sums s�ecured by this Security Instrumcnt whcthcr or nat the sums ure then duc.
<br /> if thr,Property is ubandoned by Hurrower,or tf.aflcr nottce by l.ender to&�rrowcr thut the cundciunur��ffers w mal:c un
<br /> � '' , award or settle u claim for damnges, Bonower fails to respond to I.ender within 30 days ufter the dutc the notice is given. .
<br /> ::� Lcnder is uutliorizcx!to�ol(ect and apply the praceeds,at i�s option.either to restoration or repair of the Property or to the sums
<br /> �� .___� . sccured by this Secudty Instrument,whether or not then due, _-
<br /> =- -- - L'c�tcss I.�.r.d�r �nc! &�riower orh�rwise ugree in writinR, anY application of proceeds to principul tihall not extemd or `
<br /> � �Y postpone the due date af the monthly payments referre,�to in paragraphs 1 und 2 or change the amoum oi xuci�puyuicais. �
<br /> . .. �,� 11.Bonrower No�Releusedt Forbearance By Lender Not a Walver.Had;nsion of the tima for payment or madificatlo�� �•
<br /> +�,,,, r of iunurtizaUon af the su��secured by this Security instrument granted by Lsnder to uny successar in inte�e.st of Borrower sha;1 -r
<br /> �•:•, not operu4e ta release the liability of the original Born�wer or�o�rower's successors in mterest. I.ender shall not be requiacd to
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<br /> � '��'•'�� commence proceedings n�ainst any suceessor in interest ar refuse to cxtend time for pbyment ur othcrwise modify amorsizatian
<br /> •'•������•-'�"�����'� of the sums secured by this Security Instrumen� by rea.con af any demand made by the originul Harrawer or Barra�er's
<br /> ;' `.j•'1'' successors in intere.5t. Any forbearance by Lender in exercising uny right or remedy shnll nat he a waiver of or preclude thr. _
<br /> ,`�':� exercise of Ar►y rlght or remedy.
<br />� ''.�'`+• � iZ. Suc¢essors and Assiga4 Bound; Jofnt and Several l,ia611ity; Co-signera. The covenants und agrcements of this
<br /> •'•�•`�''� Security Instrumont shall bind and benefit the successon end assigns of L.ender and Borrower. subject to the peovislaru of
<br /> _�,�.=c�
<br />. ; ,,.,,,;.,;,: p�B�p}� ii, gu,T�Wa��b car�tastt: 3ns! agreem�ntc shu11 be iuint and several. Any 8onower wha co-signs this Secudty
<br /> Instrument but does not executa thv Note: (u) is co-signtng thia Security Instrument only to mortgnga. grant ond�v��Y�y tnut
<br /> ' � Borrower's interest in thu Proporey under the tcrms of thih Secudty Instrumcnt;(b)is not personully abliQuted to puy the sums
<br />-.�' • • secured by this Security Instcument;nnd(c)agrcea chut Lendc�und nny other Sarrawer muy u ree tn extend.modify.forbear or
<br /> ;�;. .,,;, �•: make nny uccommodationa with reBard to the terms of this Security tment is+ub ectlt Nu luw�ich�ctsBm►ximum laan charge:+.
<br />'.� • 13.Loan Churg�.If the Iaan secured by thiti Security Instru
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<br /> ;•,.:., �. and that luw is finally Mterpreted su thut the interest or uther loun rhurgcs co lected�r to be collectui in cunnectt�m with the
<br />'"�" ` � ' lo:u►exceed the pc:rmittod limitx,thcn: (nl uny ruch loan char�e whull bc ecduccd by tlie umount neccssury t��reduce the charge
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<br />�r,.,w�,�• .;, to thc permitted Hmit:und(b)uny suma nlrc.udy coltc�ct��l from Borrowcr whicb exccccicJ permitted timitx will hc refundcd to
<br /> Bs�rrawca Lendcr may choosc to muke thig rcfurtd by ralucing ttic princfpc`rc��u�4c� thc Nut�or by mukin� u din:y
<br /> �,,�r mw� paymcnt to Bonowcr. If n refund reducc� principu{. thc ratuction will b partiul rcpt►yment �vith��ut nn
<br />'�;•-;,:;;:c•_r� prcpayment chutBe undcr the Notc.
<br />- - - 14.Nottccs.Any notice to&�nower provlded for in thi4 Securlty Instrumcnt sha{I be given by delivering It or by maii ng
<br /> °�-�`�--• It by first cluss mail unlcss npplicable inw requiccs use of anothcr method.The notice hhull be directed to th�Propc�ty Address
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<br /> �_� or nny other addcess Borrower designntes by notice to Lender. Any notice to Lsnder shull be given by first class ma to
<br />?""`°°"°�"�`�'�� Lcndcr's uddres�s su�ted herein or ony other address I.cnder dc.gignutes by not[ce to Bormwer. Any natico provided for in this
<br /> - �w:�c-� Sccurity Instrumcnt ehall be deemed to huve bcen given to Horcower or Lender when given us providai in this puragcaph.
<br />�=.�;�7`�.� 15.Govcrning Iatv�i Severnbflity. This Securiry lnstcument shail bc governed by fedorai taw and thc law of the
<br />���+�:� Jurisdfctlon in which the Property is located. In the event that any provision or cluuse of this Security Instrument or the Note
<br />'' �` �`"� � �conflicts with upPlipble law,sued wnflict shall not affect other provisions of this Security lnstcument or the Tlota which can bz
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<br />�+'�='z;;e��: �iven effect wtthout the ea�flieting provlslon.To this end the provisions of this Secudty Insuument and.the Note uce decinr
<br /> �";'��;�-..�� to be severable.
<br /> `�;_:i t'�;;, 16.Borrower's CoPy Borrower sliull be given ane conformed copy of the Note und of this Security Tnstrument.
<br /> ='�°":"•;,;`.*�'. 19.'11rsu�fer of the Prope�tY or o licmeficloQ Interc:tit ia�Bonower.lf all or uny}�urt of the Property or any inter�t in it
<br />_ -�::��'',�� is sold or tnnsferrei!(or if a Urnaficial ir.tcrest in i3orrower is snld or transferra!and Burrowcr is not�natur�l person)withont _.
<br /> �-��^�',;��' Lender's p r�or wri tten co n s e nt. Lender ma y, at its option. uire immediate payme�it iu fult of all sums securet� by this
<br /> -�=�'r��^'� Secudty Ynstrume�t.Efowever,thi's uption stiall not be exr,rcised�y[.ender if exercise ls prohibited by f e dern l�aw as o f t h e da t e
<br /> .�„�,�.�
<br />-��•��=-;�nY�:�.,... of this Security InStrument.
<br />-- • :��.•t IB Lender exerctses this optton.Lender shall�ive Borro�ver notice of acce�eration.The notfce shall rovide n perio o not
<br /> - -��- less than 30 days from thc datc the nottce is delivcred arrnnded within wMch Borrower must puy al
<br /> sums socurc�d by this
<br /> ' ` 3ecurity instn►ment.If Borrower fails to pay thae sums prior�o the expiration of this period.Lender may invoke�ny remcdPes
<br /> `��! permitted by lhls 5ecuriry imtrument without further notice or demand an Borrowcr.
<br /> .�. 18. fiorrower's RiQht to ReEnstnte. If B��rrowcr meets certain conditions, &�rrowcr shull h•rvc the right to ha�'c
<br /> � ' ' enforoement of this Scxuriry Instrument dissontinuud at ony time prlor�o �ursunnt to�sna�Sower�of sale contuitted in�this
<br /> _ � • ' � npplicable luw muy specify for re[nstntement)before snle of the Praperty p Y P
<br /> � Securlty Instrument;or(b)entry of u judgment entnrcing this Secudty Instrument.Thnse conditions are that Dorrower: (a)pays .
<br /> , � L,ender nll sums whlch then woutd be due under this Securjty Instniment and the Note ns if no acceteration had occurn�d: (b1
<br />° � ,., ��� � cures nny default of any other covenants or agre�nunts;(c) pays ull expenses incum�d in enforcing this Security Jnstn�ment,
<br /> - , ° including,but not limited to,reasonable attornoys' fees:artd(d)tukes such nctton as Lender may m:�onnbly eequire to assure
<br /> -- ..-;;�-., ihni chc:iicn vi t��i��:�:ur�t3:n;ta�s�zt.,l:ad����t!t i i Y.��n•pnc�ntrteinent�bv Borrowerb�thts� �c�cuary insttvmen�ar�iic
<br /> - - -.- - tltis ��CUl7t�l InSZiUIRY1ii atibn i.�muuu. ........»..a�-. —r° ----
<br /> � ' � obli�uttunc s�xucrxi hcreby shull remain fully effective us if no ucceleration hud occurred. Hnwever. this right to reinscate snaii
<br /> � � � ' � not apply in the case of ucceleration under purngntph t7.
<br />� ' '%���`� ' 19. Salc o6 Notet Ctu►nqe of Lo�n SPrv[cer. Thc Note or u particil interest in the Note (wgethcr with tliis Security
<br /> � �� � Instrument)may be sold one or�nore times without prlor noiice to Borrower. A ssile muy result in u chnnge in the entity(krtov�n
<br />� ` � ' c►�the"l.uan Serviccr")thut collects monthiy puyments duc under the Notc a��rtd this Security Instrument.?here ulso muy be on�
<br /> �����ii;'��;
<br /> ,,, , . or moK changes of the I.n.u►Scr�+icer unrcluted to a sale of thc Note. If thers is a changc of the Loan Sewicer.Borrower v�ill be
<br /> �''���11 • � Qiven�vritten notice of the change in uccordunce with paragr.aph 14 ubove ru�d applicabQe if»v.The natice will stute t}�e name end
<br /> — �;,;,„ ,
<br /> ''"' :uidress of the tte�v Laan 5ervicer und the uddress ro which p�yments should be mude. '1'he notice will also cantai�n uny other
<br /> � informatinn required by upplicuble la�v
<br /> �� 20. Mi0L.1P�I0tL4 SUI1SlDItCI.W. Borro�ver ehn�' �w�hhall not do.tnorullo anyoncdcl�to�do, an thing af#ectfng the
<br /> �� „ , H:unrdous Substances on or in the Property.
<br /> � Property that is in violatton uf nny En�ironment:a!Law.The preceding two scntences shull not apply to t e presetica,use.ur
<br /> ' storage on the property of small 9��`he Pro H��ous 5ubstnnces thut are generully recogniud td be upPrnPriate co normnl
<br /> -- residentiul usey und to muintenunre P��Y•
<br /> r�a o�a Fotm 3028 8190
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